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THE INSURANCE TIMES
|February 2025
At the World Economic Forum 2025 in Davos, the CEO of Bajaj Allianz predicted that India could see the emergence of 1000 insurance companies within the next decade.
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1000 Insurance Companies in the Next Decade?
This projection reflects the rapid growth of insurtech, microinsurance, and niche health insurance providers.
Technology and regulatory support are driving this growth, enabling smaller players to address underserved markets and offer customized solutions. The health insurance sector is also seeing increased adoption of artificial intelligence (AI), data analytics, and blockchain to enhance efficiency, reduce fraud, and improve customer experiences.
Tech-Driven Transformation of Health Insurance
The integration of technology into health insurance is driving a shift toward integrated ecosystems, combining insurance coverage with healthcare services, wellness programs, and digital tools.
This story is from the February 2025 edition of THE INSURANCE TIMES.
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